Global factors are becoming increasingly important as a cause of international capital flows. It is nearly impossible for some countries to protect themselves from outside influences on their financial markets. This paper investigates the extent to which various global factors such as stock...

Using two examples we have shown that large fluctuations in real exchange rates cannot normally be attributed to "overshooting" in the Dornbusch sense. We proposed to use the interest differential between to countries as a direct and reliable measure of the extend of overshooting. Observing that...

African countries have over the years experienced persistent current account deficits. The role of asymmetries in explaining the response of trade balance to exchange rate movement has not received adequate attention as linear models dominate extant empirical literature. In this paper, we...

The study analyzed the effectiveness of exchange rate on macroeconomic variables of Pakistan. The precise objective of the study is to examine the causality between exchange rate, trade, inflation, FDI and GDP through a series of models. On the annual time series data for the years 1980-2009...

In Deutschland leben etwa sieben Millionen Ausländerinnen und Ausländer. Weitere hier lebende Personen, die bei Geburt eine andere als die deutsche Staatsangehörigkeit besessen haben, sind Eingebürgerte und (Spät-)Aussiedler. Auf der Basis der Daten des Sozio-oekonomischen Panels (SOEP)...

Der internationale Kapitalverkehr ist zum Motor der Globalisierung geworden. Seit Mitte der 80er-Jahre expandiert er doppelt so rasch wie der Warenhandel und fast viermal stärker als die Weltproduktion. Hierzu haben vor allem Direktinvestitionen und das Aktienkapital beigetragen. Zu den...